Barclays cuts rates to resi, BTL and reward ranges

Barclays has announced a series of rate cuts to products within its residential, buy-to-let and reward ranges.

It has also announced the launch of an 80 per cent LTV five-year fix at 1.98 per cent. This deal has a maximum loan value of £1m and a £999 fee.

Notable reductions include the 60 per cent LTV two-year fix cut from 1.42 per cent to 1.38 per cent, and the 75 per cent LTV five-year fix from 1.83 per cent to 1.79 per cent.

Both products are within the lender’s residential range and are for purchase or remortgage. In addition, the offerings have a maximum loan value of £2m and a £999 fee.

The lender has also reduced rates to the 60 per cent LTV five-year fix from 1.78 per cent to 1.74 per cent, and the 85 per cent LTV five-year fix from 2.05 per cent to 1.98 per cent. The two offers are within the lender’s EMC reward range and have a £999 fee.

Furthermore, the 75 per cent LTV two-year fix has been sliced from 1.68 per cent to 1.65 per cent. This deal is within Barclay’s BTL range, has a £1,795 fee and a maximum loan value of £1m.

Furthermore, the 75 per cent LTV two-year fix at 1.48 per cent with a £999 product fee has had its maximum loan value extended to £2m.



Barclays trims mortgage rates

Barclays is making modest reductions to the cost of its residential and buy-to-let mortgage ranges.  The biggest reductions are on its buy-to-let products. Its two-year fixed-rate buy-to-let loan (at 60 per cent LTV) will see rates cut from 2.28 per cent to 2.21 per cent. This product has no upfront fee and is available to […]

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